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Search Results 0 to 39 of about 40 (some duplicates have been removed)
impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be wea
. the obama administration wants to send a clear message that while it supports syria's coalition opposition, to lead syria's democratic transition when the assad regime falls, there is no place for extremism in the country's future. so you see these parallel actions. recognizing the opposition formally but at the same time labeling certain parts of it as, you know, terrorists. so that's an important distinction there. and all eyes are glued to whether chemical weapons will be used or not. >> as you can allude to, they're opening the door for that possibility down the road. but responsibly. >> and we should point out that the full interview with president obama and the first lady will air on friday on "20/20" and "nightline." a cool tradition that barbara gets to sit down in the white house during the holidays and talk to both. certainly no shortage of topics as 2012 winds down. >> but yet the platform is not like she gets extended time for it. "20/20" is still the same amount of time, even though topics are -- >> we'll be back. stay with us. >>> well, this is big. there's a potential breakt
, so a pretty clean case here, an even the obama administration has already said it doesn't think the constitutionality of the defense of marriage act can withstand a legal attack. >>> the second case the court decided to take on is proposition 8, the california ballot initiative adding a state constitutional amendment in 2008 that said only marriage between a man or woman is valid or recognized in california. it overturned a court ruling that said same-sex couples have a right to marry. the cases are likely to be heard in march and decided some time in june. randi? >> joe johns, thank you very much for that. we'll be right back. >>> some are calling it the next "roe v. wade" or brown versus board of education. the issue the u.s. supreme court agreed to take on that will make history. >>> all of those who argued for non-intervention because of the things that might happen have now happened because we failed to intervene. >> when is enough enough? that is the question many are asking about syria as the death toll climbs and concerns mount over chemical weapons. now some lawmakers a
decided this in 1970. it's out of our hands. we, the obama administration, the justice department, have an obligation to enforce the law as it stands, and that, right now is in direct conflict with two states, washington and colorado. let alone with the states stlat medical marijuana in place which is over 18. because one of the criteria for being a schedule 1 narcot sick that there's no medical use demonstrated. so that is a fascinating conflict between the feds and states rights. people voting in these states increasingly to legalize at least medical marijuana. >> is there any sort of spillover effect you can see here on to other laws like immigration issues or gay marriage or anything else like that because i would think that the white house would not want to be seen as picking and choosing where it decide the federal government is supposed to be in charge. >> you are right. but again, we're seeing a generational shift on many, very contentious culture war issues. in the last segment, same-sex marriage. a generational shift being fought on a state by state level. it's up to the feder
a phone call to discuss the latest republican proposal. it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the american people have to be scratching their heads and wondering when is the president going to get serious. >> the economic uncertainty comes at a time when retailers are hoping for strong holiday sales. the prospect of higher taxes for all americans threatens to sink consumer confidence. >> the specifics of the deal are not as important to us as getting a deal. >> now, in that abc news interview with barbara walters, the president said he thinks the american people will be better off with a done deal. harry reid who's a senate majority leader says he does not expect a deal before christmas. terrell. >> we'll have to see. susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview
's not seeking a job in the obama administration. fink has been rumored as a potential candidate to replace timothy geithner. he says he wishes the media would believe he doesn't want the job and plans to stay at blackwell as long as the board wants him. >>> negotiations have reached a deal to end the eight-day strike of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a
that we should be asking the obama administration about syria? >> well, you remember, randi, that president clinton was really angry with me when i was asking that question from sarajevo. the fact of the matter is the question didn't prompt intervention but there was intervention more than a year later and it stopped the war and the president enacted a peace settlement and the war stopped and peace still endures in bosnia. i think the issue of syria raises some very important questions. president clinton himself just earlier this year said that the longer it goes without being stopped, the bigger the chance of bad actors getting involved. that is precisely what's happened, randi. that is one more reason that the administration is reluctant to intervene, because now it's not just the ordinary rebellion that it started out as with people demanding reform. it is now being joined by all sorts of jihadists and extremists. al qaeda type affiliates. and all sorts of other types. and this is what's really worrying the united states and the region. but this is, if you like a self-ful
to buildings in damascus suburbs. the obama administration is hoping that russia will goin the international community in forming a coalition against syria's president. >> we want to work with russia as we've said many times on the bases of the gene eva action group's c miewn kay. >> nato's secretary-general also echoed warnings by president obama against the use of chemical weapons by the syrian government. the president and secretary of state hillary clinton said that would be crossing a red line. >>> the federal government calls it secure communities. now a program aimed at illegal immigrants is coming under fire. the u.s. mandate that california's attorney general wants to ignore. >> it's only day two but royal baby watch is in full swing in london. when kate is expected to come home from the hospital and the welcome visit she received today. >>> our ipad app is ready to download. you can watch awful our newscasts live, plus traffic, weather and video of breaking news anytime, anywhere. >>> the state attorney general issued a bulletin to all law enforcement agencies today telling them th
. today the obama administration will recommend seniors be careful before signing one. new starbucks likely coming to a neighborhood near you, planning to open 1500 more cafes over the next five years, averaging two ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients, from nature valley. ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars, nature at its most delicious. >>> good morning. 5:14. live look san francisco looking across the bay into oakland and east bay, something is happening in the east bay. yes! the raiders game! [ laughing ] >> that was too easy. >> hosting the broncos and peyton manning. >> should be a good one. we'll check in with mike. >>> developing news in the search for a nevada couple reported missing after driving into the sier
, a pretty clean case here and even the obama administration has already said it doesn't think the constitutionality of the defensive marriage act can withstand a legal attack. the second case the court decided to take on is proposition 8, the california ballot initiative adding a state constitutional amendment in 2008 that said only marriage between a man or woman is valid or recognized in california. it overturned a court ruling that said same-sex couples have a right to marry. the cases are likely to be heard in march and decided some time in june. randi? >> joe johns, thank you very much. >>> so, the decisions handed down next year but as jeffrey toobin told anderson cooper just the fact that they'll hear the cases is a landmark move. >> in 1967 was also the decision that said interracial marriage could not be banned by states. today that looks like, can you imagine a state that would ban interracial marriage. but 19 states still had that law in 1967. this gay right supporters have said this is the loving versus virginia of gay rights. we'll see. i don't know what the outco
of those things. do you have imagine what might have happened if the obama administration had intervened early by imposing a no-fly zone at very little cost and risk to the united states over syria, if assad had been gone 12 months ago fwe were now in the midst of a transitional process with an opposition that hadn't been radicallized by the influx from jordan, iraq, from elsewhere. instead, we're having not only the syrian meltdown with serious consequences, but hundreds of thousands of refugees in turkey, destabilization of jordan and increasing inability in lebanon and this is spilling out all over the region, paul. >> paul: what about the president's red lines on--bama' so-called, on syrian chemical weapons before he said, if they move these chemical weapons there will be consequences and now they've dropped the moved argument and they're now saying if he uses those chemical weapons. are we seeing a backtracking from the the united states? >> i think the backtracking to our default position which is to do nothing at all. i think it's justifiable that they may have moved these and we
. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being considered. >> reporter: u.s. intelligence shows syria has mixed chemical compounds needed to make a deadly agent that can quickly kill thousands. >> the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction in syria. and this may be the last warning we get. >> reporter: the u.s. is not precisely saying what the syrians are doing, but there are two ways of mixing elements to make a saren filled weapon. >> you have to handle it very, very carefully. a drop will kill you. often it's done at the last minute. there's another style. >> reporter: chemicals placed in an ar
can. the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historical sort of review, clearly there were different laws passed at the state level. so now it i
and discrimination against gay people. obama administration says it agrees that the law is unconstitutional so the house of representatives has hired outside lawyers to represent the law. >> because justice department has said you know what, this is ugly and we don't like it. it is here. but we are not going to enforce it. if this goes to the supreme court, who argues on behalf of the government? if the government does want to discuss it who discusses it for the government? >> paul clement, very distinguished lawyer hired by the house of representatives. former solicitor general under george w. bush. he argued the health care case and argued the arizona immigration case. she a very experienced advocate. that position will be very well represented. >> strangely we wouldn't have the current solicitor general. >> it happens, you know, about once every ten years. when the department of justice says we cannot represent the government. we just think that this is beyond the pale. that's what he is there done here. >> let me flip to prop 8. just so everyone is clear what jeffrey was talking about with
responsibility here because after the overthrow of gaddafhi, the obama administration, britain, france just turned away from the problem, and so now we have this potential anarchic situation where the terrorists can take root. >> greta: so now what? what do we do? >> at this point trying to find ways to strengthen, i use this term loosely, the government of libya is very important because if we sees somalia this time on the southern coast of the mediterranean, it's very clear that europe will be vulnerable and indeed we will be worldwide, so it seems to me this is something that we should be involved in, but our friends in europe really have a lot at stake here, too. >> ambassador, we want to also ask you tonight about former vice-president dick cheney's latest remarks. now, last night he blasted president obama's foreign policy in the middle east. here's what he said in part. >> i think certainly in my conversations with many of those people, they no longer believe us. they no longer trust us. they no longer believe they can count on the united states of america to do what we did 20 years
, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progress. remember that phone call between the president and the speaker a couple days ago? >> the phone call was pleasant. but it was just more of the same. >> reporter: and that's the problem. it is now down to these two men, deal or no deal. the republican speaker and the president. with an election win at his back, the white house says the president won't budge on two points. higher tax rates for the rich. the actual rate might be negotiable. and any de
for secretary clinton and the director of the security counsel. what is the obama administration's red line on the chemical weapons? >> i think the president announced it last september and he repeated it last week. the secretary of state has done so as well. if check cal weapons are used, this becomes a red line and becomes something as the president said a few months ago, changes his cal cue louse. i think we have been out there very clearly saying that use chemical weapons and everything is going to change in terms of the possibility of american intervention. >> we have been talking about those words. what is the u.s. willing to do? are we specifically talking act boots on the ground? >> i suspect we are not talking boots on the ground. there are probably ways to get at this without that, probably from the air. i think we are probably also coordinating closely with turkey, jordan and israel because all of those countries have a profound concern, if in fact, chemical weapons are used or control is lost. >> when we talk about the chemical weapon, there's an article that says they are skept
this thing ever bigger, passing 6000 regulations with the obama administration -- maybe that does not lead to you being served better in your community. and i would like to talk you about how we can make it simpler and better for you. greg: mary katharine ham and juan williams. thank you both so much. [talking over each other] greg: i would like to put them in charge. jenna: we will see what happens next. in the meantime, we are turning to some crime headlines. a man is terrorizing a store clerk and police are on the hunt for who this guy is. plus, protests raging in egypt again today. supporters and how it may impact a political crisis there. he will dueling protests are rocking egypt. thousands of supporters taking on opponents. the opposition is taking on a sit in there. aaron david miller is a former advisor to the secretary of the state. what does an unstable egypt mean for us? >> it means a disaster, frankly. egypt is the largest and most powerful, most populous with the peace treaty of israel. they control access to the suez canal. what you're going to have is the beginning of a ver
hikes and spending cuts. >> with just 27 days to go, republicans are not talking with the obama administration and the president is only talking on tv. major garrett is at the white house. good morning. >> reporter: good morning, charlie and norah. yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the
. the worsening of the position was confirmed today that the obama's administration, warnings. >> we are remain concerned as the opposition advances on damascus that the regime might very well consider the use of chemical weapons. the assad regime ought to not make the mistake thinking somehow it can use chemical weapons on their own people and get away with that. there will be consequences. >> western diplomats will be gathering in morocco. megynmegyn: james, thank you. the president warned that if syria does use chemical weapons that country would be crossing a red line. if they cross that line, what does our threat mean? air strikes? u.s. troops on the ground in syria? we'll speak with two experienced commanders about what a response would look like from the united states and the challenges ahead. >> there are discussions going on now but i want to tell everybody here. i'm happy. i have had a number of republicans come to me and a few democrats. we are going to change the rules. we cannot continue in this way. i hope we can get something that the republicans will work with us on. about it wo
, and let the states do what it will. >> and just why would the obama administration balk at enforcing laws that were on the books for decades. >> there is the legal issue. >> here you have states for president obama, colorado in fact is a swing state. the states have spoken, and for the federal government to come in and say we want to quash the popular mandate, there are political risks to do that. >> and there is also some precedents for medical marijuana which is already legal in 18 states and the district of columbia. >> but don't think that medical marijuana is exempt from scrutiny, the feds can go after that, too, one spokesperson said. president obama said we won't be legalizing weed any time soon. >>> the attacks stunned the u.s. but now we may get more information on the attack on benghazi and the arrest of a suspect. we'll have a report in just a few moments. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface por
pleasure. >> get on there, get on witnesser and chat. >>> we are getting reaction from the obama administration now which has been closely monitoring the numbers in washington. that's where we find the white house correspondent brianna keilar. we hope the leaf blower is done. what do you hear? >> reporter: no leaf blower, no jackhammer. we are getting reaction from the white house, obviously. they saw this positively, don. month surprise. this coming from the chairman of the president's council of economic advisors. it says while more work remains to be done today's employment report provides further evidence the u.s. economy is continuing to heal and continuing to heal from the wounds inflicted by the worst downturn since the great depression. this is obviously similar to what we heard in past months. but the president or -- certainly the white house pointing to this as proof that his economic policies should continue. specifically in this reaction. they point to that bush era tax cut for middle class americans that's set to expire along with tax cuts for all americans. here at
, that it is unlawful discrimination. the obama administration agrees that this law is unconstitutional. it's now being defended by a lawyer hired by the house of representatives, and the case about is the defense of marriage act constitutional, that is one. there are several different cases raising that issue that the justices are probably going to decide whether to hear today. >> california's prop 8, what would that entail? >> propositional is a very different case because that's really a more fundamental case that potentially could apply in every state of the union. basically that question is does the constitution require that everyone, gay or straight, has the right to get married, and what makes the proposition 8 case potentially so earth-shaking in its politics is that it might not apply only in california. it might apply in the 40 plus states that don't have same-sex marriage. it could essentially bring same-sex marriage to the whole country. that's a very different, much broader issue than the defense of marriage act. >> and, jeffrey, explain to us, what is the difference if you are a gay coupl
grant. >> the money into pell grant is increased under the obama administration. >> that could change, but it is important you do this as early as possible there m. there may be programs through the school, and they're on a first come first served basis. so the earlier you get the application in, the better chance you have of getting it. >> do the leg work and do material. thank you. appreciate it. if you have a question you want our experts to tackle, upload a video with your question to ireport.com. >>> thank you. asia will take the leading roll on the world stage in the years to come. the rest of the world falls behind. this is according to projections by the u.s. intelligence community. a new report sees a huge shift in global influence and big fights over natural resources. christine romans has more in new york. hey, christine. >> a world where asia is on the rise and an era of western dominance is over, it is not that far away. a 140 page assessment by the national intelligence counsel predicts it will be a far different world by the year 2030. a world undergoing, quote, tectoni
with the shooter taking his own life. and we'll have more updates. >>> meanwhile, the obama administration is condemning north korea's launch of a long-range missile overnight. calling it, and i quote, a highly-provocative act. end quote. japanese tv has just released this video, they say shows the missile launch. it was north korea's most powerful ever, with a capacity to reach the west coast of the united states. the launch is seen as a successful step to putting a nuclear warhead on a similar missile. >>> and some medical news for you. a warning to women. a new study finds that smoking even just once a day, can nearly double your risk of dying from a heart attack or other heart problems, as compared to nonsmokers. >>> two business headlines. cosmetics giant avon has just announced its eliminating some 1,500 jobs in the struggles to cut costs and stay competitive. also this morning, the price of your morning orange juice may soon be on the rise. a new report warns that florida's orange crop is among the worst in almost half a century, thanks to the persistent drought in recent months. >>
? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small businesses, they are looking at double digit increases. the tale of two worlds here. >> people that are 45 -- >> talk to any business person, they're adjusting and the health care industry's adjusting. >> we've got to go. >> we should have a longer conversation on this. >> yes, absolutely. >>> coming up, more data still ahead. we'll get third quarter productivity. and wow, it's incredible. are you going to be back for that? liesman will
? i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of mostly large companies. i think a lot of smaller companies feel the same way, we want a rational deal. want it market credible. know there will be increases in tax revenues link together with rationale entitlement reform with a rational multiple. that's what the business community wants, not the one specific thing people argue about whether this goes up. business wants a rational deal to go up because it would be good for the united states of america? >> you'll take a higher tax rate. >> yeah. i don't personally care. it's not the 39.6%. they are linked together. no one says i will take a higher tax rate so we can still be irresponsible in spending. you can de link that all you want no one does th
by the obama administration. >> reporter: they're incredibly secretive. it's very difficult to actually get access to their leadership. we have been trying that. when you speak with the other fighting units, they have enormous respect for the al nusri front's capabilities because their fighters are deemed to be the most professional, the most dedicated. they're often on the deadliest and most dangerous front lines. even amongst ordinary activists who most certainly do not support al nusri's ideology, that same level of respect is echoed with people believing that, were it not for the presence of the al nusri front, they perhaps would not have been able to see the success they've seen so far in the battle for aleppo. these are the dynamic, that the country's going to have to deal with moving forward. it is important to point out, though, when it comes to the u.s. designating the al nusri front as a terrorist organization, that is not going to change the battlefield dynamicings in syria. the opposition activist, the free syrian army, do not feel at this stage the u.s. has any right to begin m
of the obama administration would face. when you do not have the kind of resources that allow you to do everything you want to do in commit to every engagement, what are the priorities? what are the right choices? what would you allow others to do it? >> defense cuts cost jobs that the government cannot create jobs. >> i worked on a plane for four years. this is the biggest scam in the world. not the soldiers health care. host: why you say that? caller: is a huge amount of money. i was spent millions fixing a plane every day. it is more money than you can imagine. guest: the government looks at every job and activity. it is really hard to make the case that they overcharge. it is much more expensive because the way the government does it. there is performance of based logistics. you can save billions. it is the way avis would do it for cars. even save huge amounts of money. that means getting the back office out of the way. it means fewer back office jobs. they do not want to give up the power. host: the contacting system is really complicated. some of that is what the caller is saying.
that through the $360 billion that is in president obama's proposal with $4 trillion in deficit reduction that does it without cutting benefits. we have an opportunity to administrator years of solvency to medicare and medicaid. we need republicans to sit down at the table and embrace the notion you need a balanced approach. they need to send that middle class tax cut extension bill to the president's desk. >> what, if anything, does today's jobs report do for the president's hand in these negotiations? >> it just continues to add to the idea that we continue to make slow and steady progress. that we need to make more progress, and that you can see that although we've created jobs in the private sector i think for 33 straight months, you have a fragile recovery that we know a fiscal cliff would really impact in a dramatic way. we want to make sure we aavovoi that. we have an easy, no-brainer thing to do to give that certainty and another shot in the arm to the economy. and that is extend the middle class tax cuts. simple, no-brainer thing to do we agree on. >> really quickly here. ten sec
on congress to let the bush administration's upper income tax cuts expire. even though there is little chance mr. obama will persuade the republican-led state legislature. >> these so-called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. >> the president preaching to the choir yesterday. he was greeted by rick snyder at the airport in detroit. michigan would be the 24th right to work state in the nation and with its union background, it would be a huge blow to organized labor, which continues to lose its share of the work force. it was a little under 12% of the work force last year. it was 20% 30 years ago. snyder says his goal isn't hurting unions, it's helping michigan. >> i view this as solving an issue for michigan workers. you have hard working people in michigan. this is giving workers choice. >> republicans lost five seats in the michigan legislature last month and democrats accused them of fast tracking the right to work bill through the house and sena
lighting, president obama joined the holiday mood. but earlier, visiting a middle class virginia family, he threatened that congress could ruin the christmas season. if it doesn't act, the administration says, middle class tax bills will increase by $2,000. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stress there is going to be. >> reporter: what may raise the stress level even further is the promise that both the president and treasury secretary geithner has made. that is, if tax rates don't rise for top earners, there will be no deal. >> i'm not going to sign any taxes that somehow prevents the top rates from going up for folks at the top 2%. >> if that happens, if there's no agreement, economist mark zandi told a congressional hearing it would be bad news. >> if we go over the cliff and there's no change after that, we hit the gdp in 2013 will be 3.5 percentage points. the economy is growing two percentage point. subtract 3 1/2 and that is a severe recession. >> reporter: republi
to the white house and making their points clear. there's also this need on the part of this administration to regroup for a new four years. where is that and who are the key players that may be switching? >> well, the key player is obama. and this is -- i keep saying we're in the obama era. we're not in the john boehner era. we're not in whoever's going to be secretary of state or secretary of defense. and he's got to set the table in a way that not only works but communicates to the world there is a coherent leadership here that can get things done and how it exactly gets done i don't think makes that much difference. it's just got to be done. and if we run off the cliff, i mean i hate this term but the repercussions -- >>> primatene mist used to be america's top asthma medicine. now 1 million are gathering dust in a california warehouse. we'll tell you why and how that could change on capitol hill. you're watching "cbs this morning." we'll be right back. >> announcer: this portion of "cbs this morning" sponsored by keep medicare and social security strong for gene
Search Results 0 to 39 of about 40 (some duplicates have been removed)